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The lack of major news over the weekend may offer the rupee slight relief at the open | Photo Credit: REUTERS The Indian rupee looked set for a muted opening on Monday, with traders scanning headlines around the Kashmir attack and the movement in local equities for direction.The 1-month non-deliverable forward indicated that the rupee will open flat-to-slightly higher from its previous close of 85.45.The local unit saw sharp two-way moves on Friday, whipsawing between 85.08 and 85.66.After an initial rally toward the 85 level, the currency reversed course, pressured by a selloff in local equities and bonds on fears…

USD/CAD trades near the 1.3900 zone in a tight range ahead of the weekendContradictory US-China tariff headlines and resilient oil prices shape sentimentResistance is seen at 1.3893 and 1.3986, with support at 1.3855The USD/CAD pair holds steady around the 1.3900 zone on Friday as markets weigh fresh US-China trade headlines and stronger oil prices against a firmer Greenback. The US Dollar Index (DXY) is trading higher near 99.60, supported by comments from US President Donald Trump suggesting talks with China are ongoing. However, these claims were quickly disputed by the Chinese Foreign Ministry, which said no negotiations were underway, creating…

EUR/GBP trades near the 0.8500 zone after Friday’s European session.Despite a slight intraday pullback, broader signals maintain a bullish tone.Resistance seen near 0.8550; support clustered around the 0.8530–0.8520 area.The EUR/GBP pair was seen trading near the 0.8500 mark during Friday’s session, edging lower intraday yet holding within the mid-range of 0.8511 to 0.8548. Investors appear cautious amid a light macroeconomic backdrop, with the pair moving in sync with subtle shifts in broader market sentiment.Technically, the pair continues to exhibit a bullish structure despite the minor pullback. The 20, 100, and 200-day simple moving averages — currently at 0.8533, 0.8377, and…

EURUSD trades near the 1.1400 area, slipping slightly after the European session.The bullish bias persists despite mixed short-term momentum signals.Resistance seen around 1.1378; support zones near 1.1335 and 1.1215.The EURUSD pair was seen hovering near the 1.1400 region on Friday after easing slightly in the aftermath of the European session. The pair is consolidating within a narrow range between 1.1315 and 1.1391, reflecting a pause in bullish momentum while still holding ground near recent highs.Technically, the broader picture remains constructive. The 20-day, 100-day, and 200-day simple moving averages all point higher, supporting the ongoing bullish trend. Shorter-term indicators like the…

UK Retail Sales surprise to the upside but fail to lift Sterling.US Consumer Sentiment drops sharply; inflation expectations surge to multi-year highs.Markets digest mixed trade signals as China mulls tariff exemptions on US goods.The Pound Sterling registers losses against the strong US Dollar, yet it remains above 1.3300.  A strong UK Retail Sales report failed to underpin Cable, which registers losses of 0.20% as the GBP/USD trades at 1.3311.GBP/USD holds above 1.3300 amid weak US sentiment, hot inflation expectations, and ongoing tariff dramaThe financial markets’ narrative hasn’t changed, with traders focused on US President Donald Trump’s trade policies and China’s…

Silver price falls sharply to near $33.00 on hopes of de-escalation in Sino-US trade war.China considers pausing tariffs on some US imports.Beijing denies any economic and trade talks with the US.Silver price (XAG/USD) plunges more than 1.5% to near $33.00 during North American trading hours on Friday. The white metal falls sharply from its three-week high of $33.70 posted earlier in the day. The asset weakens as investors have become increasingly confident that the United States (US) and China will make a deal sooner.Hopes of a truce on a trade war between the world’s two largest powerhouses have increased as…

The US Dollar in positive for this week, sticking to the range where it is in against most major peers. China has denied comments as trade talks are underway between China and the US. The US Dollar Index remains capped below the 100.00 round level. The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, trades on the front foot, up around 0.40% on Friday at the time of writing. Traders are divided, though, after the US and China left contradictory comments on whether trade deal negotiations are taking place. United States (US) President Donald…

India’s foreign exchange reserves rose by USD 8.31 billion to reach USD 686.145 billion for the week ending April 18, marking the seventh consecutive week of growth.  | Photo Credit: Dado Ruvic/Reuters India’s forex reserves jumped USD 8.31 billion to USD 686.145 billion for the week ended April 18, the RBI said on Friday. This is the seventh consecutive week of a rise in the kitty, which had jumped by USD 1.567 billion to USD 677.835 billion in the previous reporting week ended April 11. The forex reserves had touched an all-time high of USD 704.885 billion in end-September 2024.…

The Indian rupee ended weaker in a volatile session on Friday as investors stayed cautious amid fears of an escalation in tensions with Pakistan after a militant attack in Kashmir earlier this week. The rupee ended 0.2% lower against the U.S. dollar at 85.45 compared with its previous close of 85.26. It moved between 85.09 and 85.6550 on Friday. The local unit dropped about 0.1% week-on-week.The rupee’s “inability” to rise above its key psychological level of 85 and month-end dollar payments “exacerbated” its downward move, a trader with a private bank said. Indian stock markets dropped on Friday, significantly underperforming…

The USD/JPY price analysis indicates accelerating price pressures in Japan. Tokyo’s CPI increased by 3.4%, which is above forecasted to be a 3.2% increase. The dollar regained appeal as trade tensions between China and the US eased. The USD/JPY price analysis indicates accelerating price pressures in Japan, which may prompt the Bank of Japan to raise rates. However, policymakers remain concerned about the economic impacts of Trump’s tariffs. Meanwhile, easing trade tensions between China and the US supported the dollar. -Are you interested in learning about the forex indicators? Click here for details- The yen strengthened briefly on Friday after…